The fund will also help entrepreneurs and their companies, since it will connect them with JLL's business lines and clients so that they can provide them with thorough valuations and distribute their products.
This new fund will focus on seed and series A capital investments, as well as on some companies at a more advanced stage. The usual range of equity will be from a few hundred thousand dollars to several million dollars. JLL Spark will guide its efforts to technological startups with products that can help investors and tenants, as well as improve the services provided by JLL's businesses. The fund is also interested in companies that are creating new business models, based on technology in the traditional service areas of JLL, as well as those that allow it to expand its services to new customer segments.
"The creation of this venture capital fund of 100 million dollars through JLL Spark allows us to remain leaders in the real estate sector, when it comes to execute the best ideas in the proptech segment. This vehicle complements and expands the important investment we are currently making in innovative and cutting-edge digital solutions, which is an essential element of our strategic vision of Beyond and our commitment to fulfil the goals of our customers," said Christian Ulbrich, CEO of JLL.